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Kellogg (K) to Create Joint Venture with Tolaram Africa; Will Take Stakes in Multipro, Tolaram Africa Foods
September 15, 2015 8:33 AM EDTKellogg (NYSE: K) announced a new, long-term partnership with leading food company Tolaram Africa, significantly increasing Kellogg's presence in the growing African market and advancing the company's breakfast, snacks and emerging market strategies to drive future growth.
Highlights of today's announcement include:
The creation of a joint venture between Kellogg Company and Tolaram Africa to develop snacks and breakfast foods for the West African market.The acquisition of 50 percent of Multipro, a premier sales and distribution company in Nigeria and Ghana. The right to... More